The increasing concern for the environment plus increasing EU regulations to reduce CO2 will mean a steady increase in hybrid vehicles, all electric vehicles and even hydrogen fuel celled vehicles. This will not happen “overnight” but by 2025 at least 10% of passenger cars in Europe will not be powered by the internal combustion engine.

So what is that going to mean for the Parts and Service business?

Our view is simple: a lot fewer parts to be consumed and consequently fewer labour hours.